Overview
What is Mv Youth Inc?
MV Youth Inc is a nonprofit organization situated on Martha's Vineyard. Its primary mission is to support youth-related capital projects within the community and provide financial aid in the form of scholarships for local youth. By engaging in these initiatives, MV Youth contributes to the enrichment and development of young individuals, ensuring they have access to necessary resources and opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
Mv Youth Inc has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's impressive score is entirely based on its accountability and finance metrics, showcasing a commitment to transparency and responsible management of funds. This rating underscores the organization’s effectiveness in utilizing resources efficiently for its intended mission.
The organization demonstrates significant strengths, including a fully independent board composed of ten members, which enhances its governance. It also scores highly on various financial measures, such as a program expense ratio of 91.88% and a fundraising efficiency ratio of $0.03, indicating that a large portion of its funds directly supports its programs and that it raises funds effectively with low associated costs.
However, while the charity’s financial health and governance practices are commendable, the summary does not provide insights into its specific programs or overall impact. Potential donors may want to consider this aspect in their decision-making process, as understanding the direct benefits of their contributions is important for overall engagement with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Mv Youth Inc legitimate?
Mv Youth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mv Youth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $88,239
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mv Youth Inc?
MV Youth Inc's mission is centered around supporting youth-focused capital projects and providing scholarships for young individuals hailing from Martha's Vineyard. The organization is committed to investing in the community's future by funding infrastructure projects and offering financial aid to deserving youth, thereby fostering their academic pursuits and personal development. In essence, MV Youth Inc seeks to empower the local youth by providing them with the necessary resources and opportunities, thereby contributing to a stronger and more vibrant community.
What is the revenue of Mv Youth Inc?
Mv Youth Inc's revenue in 2023 was $2,217,423.
Who are the executives of Mv Youth Inc and what are their salaries?
The average compensation at Mv Youth Inc during 2023 was $88,239. There is 1 employee at Mv Youth Inc.
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Where can I find the form 990 for Mv Youth Inc?
Mv Youth Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mv Youth Inc
MV Youth Inc, as a nonprofit organization, is dedicated to supporting youth-focused capital projects on Martha's Vineyard. Beyond this, the organization extends its reach by funding scholarships for youth hailing from the same island. By investing in capital projects, MV Youth Inc aims to enhance facilities and resources that cater to the needs and aspirations of the youth population. Simultaneously, the scholarship program serves as a means to empower financially disadvantaged youth, providing them with the opportunity to pursue their educational goals and unlock their full potential. In essence, MV Youth Inc is committed to uplifting the youth of Martha's Vineyard through both infrastructure development and financial aid, enriching their lives and fostering their growth.
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Impact
July, 2024
Mv Youth Inc's impact can be seen in the support and funding it provides for youth-based capital projects on Martha's Vineyard. Additionally, the organization's scholarships for youth from the area contribute to the educational development and future opportunities of young individuals in the community. By focusing on youth development through these initiatives, Mv Youth Inc is making a tangible difference in the lives of young people on Martha's Vineyard.
This information is meant to be a general summary of Mv Youth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $228,333
- Program Service Revenue: $274,537
- Gross Receipts: $2,217,423
Assets and Liabilities:
- Total Assets: $5,442,627
- Total Liabilities: $1,331,574
- Net Assets: $4,111,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Services Fees
Revenue
$118,568
Donations-Golf Tournament
Revenue
$155,969
Organization Details
Founding Year
2014
Principal Officer
Daniel W Stanton
NTEE Category
Code: O50 - Youth development
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